We are proud of our role in generating shared value from national hydrocarbon reserves.

Much of the value we create is distributed throughout our host societies, and directly supports long-term socio-economic development including:

  • payments to business partners, including locally based companies
  • payments to our workforce, including wages and benefits paid from host countries
  • payments to our providers of capital, including shareholder dividends and interest on debt
  • payments to host governments, including corporate income taxes, royalties and other payments
  • spending on community investment projects

In this context (and in line with relevant local government requirements), we seek to:

  • employ nationals where they are appropriately qualified
  • use national contractor companies in our host countries, where they can meet our operational and economic requirements